JPMorgan Expresses Concerns Over Bond Demand Estimating FED's Holdings Drop $180B YTD

Per Bloomberg

JPMorgan is expressing its concerns over bond demands saying commercial banks, foreign governments, and the Federal Reserve are all stepping away from the market.

They estimated that the FED's Treasury holdings dropped $180 billion YTD. The collective holdings of Treasuries by commercial banks fell by $60 billion this year after growing to over $700 billion from 2020 to 2021.

Foreign governments are also stepping back as official holdings have dropped by $50 billion in the span of six months.

See full $JPM flow at unusualwhales.com/flow.